US Bank
Corprate Bias Ratings
Risk Level:
Summary:
U.S. Bancorp will not do business with companies building oil and gas pipelines. The company vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. US Bank covers travel costs for employee abortions and offers racial equity bonds exclusive to minority groups. The company is a corporate partner of the Human Rights Campaign (HRC) and the National LGBT Chamber of Commerce. US Bank discriminates against religious organizations in its employee matching grants. The company conducts unconscious bias training and is committed to carbon neutrality by 2050. For these reasons, US Bancorp receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
In 2020, U.S. Bancorp released a climate change report that stated the company’s intent to factor climate risks into investment decisions, including excluding oil and gas pipelines from financing (1). However, the bank certified to the state of West Virginia in 2022 that it does not discriminate against financing for coal business ventures (2). U.S. Bank has resisted pressure to boycott the firearms industry, financing Vista Outdoor as recently as 2018 (3). It remains to be seen if U.S. Bank will fully cease its financial discrimination.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
U.S. Bancorp does not protect its employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
U.S. Bancorp advocates for the Equality Act (1). U.S. Bancorp has signed the CEO Action for Diversity and Inclusion pledge (2). U.S. Bancorp has begun to implement unconscious bias training and a pledge to become net-zero in greenhouse gas emissions by 2050 (3). The company is a PCAF member (4). U.S. Bancorp released “The LGBTQ+ Financial Landscape” report, which was peer-reviewed by the HRC and includes family planning resources for the LGBTQ community (5)(6).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
U.S Bank’s medical benefits cover abortion for employees, and the company began reimbursing abortion-related travel expenses after the overturning of Roe v. Wade (1). U.S. Bancorp is a silver partner of the HRC (2). U.S Bank also created a “racial equity bond” to fund housing for minority groups only (3)(4)(5). The company is a corporate partner of the National LGBT Chamber of Commerce (6).
Uses corporate political contributions for ideological, non-business purposes.
All links were last accessed and all information was updated on:
September 14, 2023
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